legal issues with selling bikes?

04-19-2008, 05:38 PM

what are the legality issues involved in say buying a couple of the gy-5 from rabbit and then putting them together with some upgrades and selling them locally? anyone know?

DirtRoadKing · 04-19-2008, 05:49 PM

I wouldn't know for sure, but I think you might have a problem with the MSO being in your name. You might end up having to pay tax in your state and getting a title then transfering it to the buyer. I think the tax would then eat up about half the profit. I could be wrong, just a thought...

04-19-2008, 05:51 PM

damn...that sucks.

figures

Jim · 04-19-2008, 06:48 PM

You'd be selling them as used... I would expect to lose money.

SpeedSouth · 04-20-2008, 05:17 PM

Also a consideration, some states limit the number of titles you can transfer each year in order to keep individuals from becoming a "backyard dealer".

I think Ga is limited to 5 per year without a dealer license/number.

montanaoffroader · 04-20-2008, 05:26 PM

It's the same here, 5 per year. If you sell more than 5, you are supposed to have a dealer liscence and insurance. Not sure how it is in your state.

04-20-2008, 05:27 PM

yeah God forbid someone make a buck. I'd just like to have one of these puppies sitting around with zero on the odometer and ready to sell to the next person who comes up and asks about my bike.

04-19-2008, 05:38 PM	#1
Guest Posts: n/a	legal issues with selling bikes? what are the legality issues involved in say buying a couple of the gy-5 from rabbit and then putting them together with some upgrades and selling them locally? anyone know?
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04-19-2008, 05:49 PM	#2
DirtRoadKing Join Date: Mar 2008 Location: Florida Posts: 146	I wouldn't know for sure, but I think you might have a problem with the MSO being in your name. You might end up having to pay tax in your state and getting a title then transfering it to the buyer. I think the tax would then eat up about half the profit. I could be wrong, just a thought... __________________ 2001 HD Roadking 2008 Hi-Bird/Ricardo http://www.chinariders.net/gallery2/...g2_itemId=8088
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04-19-2008, 06:48 PM	#4
Jim Join Date: Mar 2007 Location: Abbotsford, BC, Canada Posts: 4,880	You'd be selling them as used... I would expect to lose money. __________________ "Be excellent to each other" "We are all human. Let's start to prove it!"
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04-20-2008, 05:17 PM	#5
SpeedSouth Join Date: Apr 2008 Location: Atlanta, Ga Posts: 710	Also a consideration, some states limit the number of titles you can transfer each year in order to keep individuals from becoming a "backyard dealer". I think Ga is limited to 5 per year without a dealer license/number. __________________ 2008 American Lifan LF200 GY-5 (930 km) - Sold 2007 Kawasaki EX250 - Sold 2006 Kawasaki EX650R - My new ride! 2005 Kawasaki EX250 - A new project
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04-20-2008, 05:26 PM	#6
montanaoffroader Join Date: Jan 2008 Location: Great Falls, MT Posts: 167	It's the same here, 5 per year. If you sell more than 5, you are supposed to have a dealer liscence and insurance. Not sure how it is in your state. __________________ 2018 SSR XF250, 2001 Xingfu XF150GY, 1995 Suzuki DR350SE, 1979 Kawasaki KZ650C
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04-19-2008, 05:51 PM	#3
Guest Posts: n/a	damn...that sucks. figures
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04-20-2008, 05:27 PM	#7
Guest Posts: n/a	yeah God forbid someone make a buck. I'd just like to have one of these puppies sitting around with zero on the odometer and ready to sell to the next person who comes up and asks about my bike.
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